NOT LISTED FOR SALE

860 E Brown Rd Unit 45 Mesa, AZ 85203

Mesa Patios Neighborhood

Estimated Value: $830,000 - $856,000

4 Beds
8 Baths
4,478 Sq Ft
$189/Sq Ft Est. Value

Sale Details

Date Sold: February 21, 2023

Last sale price $734,000 $164 Per Sq Ft

Est. 15% increase in value since last sale

Current estimated payment $4,796 / mo

74 Days on Market

Highlights

  • Heated Community Pool
  • Cooling Available
  • Heating Available
  • Franklin at Brimhall Elementary School Rated A
  • Ceramic Tile Flooring

About This Home

As of February 2023

Back on market on 12/9. Great opportunity to add this to your portfolio. Highly coveted E Brown Rd - Fourplex. Unique design. Excellent Unit mix. (3) 2 beds - 1.5baths (1) 3 bed 2bath unit mix. Tenants pay all utilites. 5.43 Cap on Actuals. Possible value add opportunity with renovations and 7-10% annual rental bumps. Beautiful amenties, two car garage for two units, pool. In unit washer and dryer.

Last Agent to Sell the Property

Daniel Papin

W and Partners, LLC License #SA684875000 Listed on: 11/06/2022

Co-Listed By

Brandon Wendt

W and Partners, LLC License #SA641784000

Last Buyer's Agent

John McKeon

Better Homes & Gardens Real Estate SJ Fowler License #SA639978000

Better Homes & Gardens Real Estate SJ Fowler

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,718

Year Built

  • Built in 1980

Lot Details

  • 3,790

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Stucco

Flooring

  • Ceramic Tile
  • Vinyl

Parking

  • 8 Open Parking Spaces
  • 12 Parking Spaces
  • 4 Covered Spaces
  • Free Parking

Utilities

  • Cooling Available
  • Heating Available

Listing and Financial Details

  • Tax Lot 5
  • Assessor Parcel Number 137-09-325

Community Details

Overview

  • 4 Units
  • Building Dimensions are n/a
  • Sun Gardens Replat Subdivision

Recreation

  • Heated Community Pool

Building Details

  • Operating Expense $9,289
  • Gross Income $49,200
  • Net Operating Income $39,911

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,718

Year Built

Built in 1980

Lot Details

3,790 Sq Ft Lot

Listing Details

  • Cross Street: Brown & Mesa Dr
  • Legal Info Range: 5E
  • Property Type: Multiple Dwellings
  • Zoning: rm-4
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1980
  • Tax Year: 2022
  • Road Surface Type: Asphalt
  • Co List Office Mls Id: wandp001
  • Co List Office Phone: 602-828-5767
  • Subdivision Name: SUN GARDENS REPLAT
  • Garage Yn: Yes
  • Roofing:Composition: Yes
  • Construction:Wood Frame: Yes
  • Water Source City Franchise2: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Ceramic Tile, Vinyl
  • Appliances: Built-In Range, Disposal, Dishwasher, Refrigerator, Microwave, Washer/Dryer, W/D Hookup
  • Appliances Included:Microwave2: Yes
  • Appliances Included:WasherDryer: Yes
  • Appliances Included:WD Hookup: Yes
  • Appliances Included:BI OvenRange: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Dishwasher2: Yes
  • Appliances Included:Disposal2: Yes
  • Community Features:Pool2: Yes

Exterior Features

  • Disclosures: Other (See Remarks)
  • Construction Type: Wood Frame, Painted, Stucco
  • Roof: Composition

Garage/Parking

  • Total Covered Spaces: 4.0
  • Parking Features: Free
  • Attached Garage: No
  • Open Parking Spaces: 8.0
  • Total Parking Spaces: 12.0
  • General Property Description:Covered Parking Spcs: 4.0
  • General Property Description:Uncvrd Parking Spcs: 8.0
  • General Property Description:Total Parking Spcs: 12.0
  • Parking Features Free2: Yes
  • Parking Features:Garage: Yes

Utilities

  • Electric: SRP
  • Cooling: Electric
  • Heating: Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Community Features: Pool

Association/Amenities

  • Exterior Amenities:Green Landscaping: Yes
  • Exterior Amenities:Desert Landscaping: Yes

Schools

  • Junior High Dist: Mesa Unified District

Lot Info

  • Lot Size: n/a
  • Additional Parcels: No
  • Parcel #: 137-09-325

Multi Family

  • Owner Pays: Other, None
  • Number Of Units Total: 4
  • Annual Gross Income: 49200.0
  • Insurance Expense: 1869.0
  • Property Net Operating Income: 39910.6
  • Annual Operating Expense: 9289.4

Tax Info

  • Tax Annual Amount: 1718.0
  • Tax Book Number: 137.00
  • Tax Lot: 5

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 6, 2022
Closed on
Feb 27, 2023
Sold by
Bought by
Seller's Agent
Daniel Papin
W and Partners, LLC
Buyer's Agent
John McKeon
Better Homes & Gardens Real Estate SJ Fowler
List Price
$735,000
Sold Price
$734,000
Premium/Discount to List
-$1,000
-0.14%
Views
208
Current Estimated Value
$847,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$113,000
Avg. Annual Appreciation
4.25%
Original Mortgage
$760,424
Interest Rate
0.0633%
Mortgage Type
VA

Purchase Details

Listed on
Apr 4, 2019
Closed on
May 1, 2019
Sold by
Bought by
Seller's Agent
Jason Bingham
Distinguished Properties
Buyer's Agent
Dennis Fedele
Keller Williams Realty Phoenix
List Price
$475,000
Sold Price
$475,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.13%
Original Mortgage
$356,250
Interest Rate
0.042%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 27, 2017
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$262,500
Interest Rate
0.0416%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 8, 2015
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$187,500
Interest Rate
0.0385%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 7, 2015
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$187,500
Interest Rate
0.0385%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 6, 2015
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$187,500
Interest Rate
0.0385%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 16, 2009
Sold by
Bought by

Purchase Details

Closed on
May 14, 2008
Sold by
Bought by

Purchase Details

Closed on
Nov 16, 2005
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$210,000
Interest Rate
0.0775%
Mortgage Type
Unknown

Purchase Details

Closed on
Mar 8, 2005
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$37,500
Interest Rate
0.0553%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Jun 3, 1996
Sold by
Bought by
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$734,000 Great American Title Agency
$475,000 Clear Title Agency Of Az
-- Empire West Title Agency
-- Empire West Title Agency
-- Accommodation
-- Clear Title Agency Of Az
$250,000 Clear Title Agency Of Az
-- None Available
$255,000 Chicago Title
$427,500 Fidelity National Title Co
$375,000 Fidelity National Title
$42,000 First Southwestern Title
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $760,424
Previous Owner $416,000
Previous Owner $356,250
Previous Owner $262,500
Previous Owner $187,500
Previous Owner $210,000
Previous Owner $37,500
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
02/21/2023 02/21/23 Sold $734,000 -0.1% $164 / Sq Ft
01/19/2023 01/19/23 Pending -- -- --
11/06/2022 11/06/22 For Sale $735,000 0.0% $164 / Sq Ft
11/24/2021 11/24/21 Rented $1,100 0.0% --
11/19/2021 11/19/21 Under Contract -- -- --
11/15/2021 11/15/21 For Rent $1,100 0.0% --
05/06/2019 05/06/19 Sold $475,000 0.0% $106 / Sq Ft View Prior Sale
04/04/2019 04/04/19 For Sale $475,000 -- $106 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $1,748 $17,723
2024 $1,754 $16,879
2023 $1,754 $64,920 $12,980 $51,940
2022 $1,718 $47,770 $9,550 $38,220
2021 $1,738 $41,680 $8,330 $33,350
2020 $1,716 $35,730 $7,140 $28,590
2019 $1,603 $30,150 $6,030 $24,120
2018 $1,539 $22,630 $4,520 $18,110
2017 $1,493 $19,210 $3,840 $15,370
2016 $1,465 $17,820 $3,560 $14,260
2015 $1,377 $15,800 $3,160 $12,640
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6486413

Arizona Regional Multiple Listing Service (ARMLS)

APN: 137-09-325

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